Date: June 4, 2025
ANIME/USDT has finally broken out of a key resistance zone that had capped price action for several months. The chart reveals a prolonged accumulation phase followed by a clear breakout, supported by rising volume.
📊 Technical Overview:
Current Price: $0.03233
Breakout Zone: $0.030–$0.032 (now acting as support)
EMA Status: Price is trading above both the 4EMA and 200EMA, indicating bullish momentum.
📈 Indicators:
RSI: Currently around 66, suggesting strong momentum but not yet overbought.
Volume: Noticeable increase in volume during the breakout — a sign of institutional or high-conviction interest.
🔍 Market Structure:
After forming a solid base and respecting the moving averages, price has broken through the horizontal resistance.
The breakout aligns with historical spikes (see vertical bars), suggesting potential for continuation.
🎯 Targets:
First Target: $0.0522
Second Target: $0.0889
These levels align with historical resistance and volume profile peaks.
📉 Invalidation Level:
A daily close below $0.030 would invalidate the breakout and indicate a potential return to range-bound behavior.
Good trading!
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